February 24, 2017 (Shareholders Foundation) - An investigation on behalf of investors, who currently hold shares of Popeyes Louisiana Kitchen Inc (NASDAQ:PLKI), was announced concerning whether the takeover of Popeyes Louisiana Kitchen Inc by Restaurant Brands International Inc for $79.00 per share is unfair to NASDAQ:PLKI stockholders.

The investigation by a law firm concerns whether certain officers and directors of Popeyes Louisiana Kitchen Inc breached their fiduciary duties owed to NASDAQ:PLKI investors in connection with the proposed acquisition.

On February 21, 2017, Restaurant Brands International Inc. (NYSE/TSX: QSR, TSX: QSP) and Popeyes Louisiana Kitchen Inc (NASDAQ:PLKI) announced that the companies have reached an agreement for Restaurant Brands International Inc to acquire Popeyes Louisiana Kitchen Inc for $79.00 per share in cash, or $1.8 billion.

However, the investigation concerns whether the offer is unfair to NASDAQ:PLKI stockholders. More specifically, the investigation concerns whether the Popeyes Louisiana Kitchen Board of Directors undertook an adequate sales process, adequately shopped the company before entering into the transaction, maximized shareholder value by negotiating the best price, and acted in the shareholders' best interests in connection with the proposed sale.

On February 24, 2017, Popeyes Louisiana Kitchen Inc (NASDAQ:PLKI) shares closed at $79.04 per share.